LA Esperanza Clinic Inc

Analysis

LA Esperanza Clinic Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Esperanza Clinic Inc reported income of $12.1m and spending of $9.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $12.1m (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Esperanza Clinic Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Timothy Hill Childrens Ranch Inc ($12.1m), Plus Group Homes Inc ($12.1m) and Foundation for Behavioral Resources ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $576k (6.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $12.7m against liabilities of $2.1m, net assets of $10.6m.